ETN

Time to dust off the worry beads! - VIX

Whilst everyone’s attention on Friday was focused on the monthly circus which is the NFP, the VIX on the other hand slipped quietly and almost unnoticed below the 11.00 price point on the daily chart, to close the week at 10.73, its lowest level for many years.

Dr copper now preparing to break higher

Let me start with a quote from my last post on copper where I wrote the following: “……and for any recovery longer term, we will need to see a dramatic buying climax, and given the extent of the current selling, an extended phase of congestion prior to any bullish momentum returning for copper.“

ETF Outlook for Thursday, January 9, 2014 (USO, JO, XRT, TAN)

ETF Outlook for Thursday, January 9, 2014.